CoinSwitch Kuber, headquartered in Bangalore, is a major cryptocurrency exchange with over 7.5 million members.
Over a hundred different cryptocurrencies may be purchased at affordable costs because of the platform’s partnerships with worldwide exchanges, including Coinbase, Tiger Worldwide, and Ribbit Capital. Because of the wide variety of cryptocurrencies available, traders can engage in a wide range of activities.
In 2023, a favorable evaluation of CoinSwitch was released by the Traders Union. With $25 million in Series B funding secured in 2021, the future of CoinSwitch Kuber looks bright. The market has shown its faith in its continued growth by providing these funds.
CoinSwitch: pros and cons
In their 2023 assessment, the experts at Traders Union laid out the pros and cons of utilizing CoinSwitch Kuber to trade cryptocurrencies.
Pros:
- Any trader can afford the minimum deposit requirement of only about $2.
- The trading volume of the world’s largest exchanges is at your fingertips.
- There are lots of different instruments to trade with.
- For a short time only, you may purchase and sell cryptocurrencies without having to pay any transaction fees.
- Both traditional currency and digital currency deposits and withdrawals are free of charge.
- Referral payments can be earned with a few stipulations.
- There’s a blog on the site where you can read about the latest happenings in the cryptocurrency and finance industries.
Cons:
- Not having any trading options that use leverage.
- There aren’t any pre-packaged investment options, so you have to use your own money to make deals.
- The only legal tender is the Indian rupee (INR).
- There is no way to add or remove funds with a plastic card.
Expert review of CoinSwitch Kuber
The innovative cryptocurrency exchange CoinSwitch Kuber was investigated by the professionals at Traders Union. Not a liquidity provider itself, it acts as an intermediary between buyers and sellers on major exchanges like Coinbase, Tiger Global, and Ribbit Capital.
Key takeaways from the review:
- Market, immediate, 24-hour, 7-day, and 90-day limited orders are all available to users of CoinSwitch Kuber.
- Due to the lack of a web interface, all trading is done through mobile apps.
- Developed with both seasoned traders and novices in mind.
- A four-digit PIN code is used to secure the safety of each user’s login.
- The business is present on a number of popular social media sites and has a profile on the business news aggregator Bloomberg.
- At the moment, neither card deposits nor DOGE, ZIL, THETA, or NEO deposits are supported.
- According to platform announcements, the ability to withdraw bitcoin or deposit fiat currency may be temporarily disabled.
Analysis of the main features of this crypto exchange
CoinSwitch was evaluated by analysts at Traders Union using the following parameters:
- Overall score: 3.44
- Execution of orders: 3.23 out of 10
- Investment instruments: 3.65 out of 10
- Withdrawal speed: 3.29 out of 10
- Customer support work: 3.59 out of 10
- Variety of instruments: 3.07 out of 10
- Trading platform: 3.81 out of 10
Key features and trading conditions
Traders Union provides an in-depth analysis of CoinSwitch Kuber, discussing the exchange’s features and fees.
- The main focus is on the trading and exchange of cryptocurrencies.
- The CoinSwitch wallet is not an investment solution because it does not provide staking or interest on stored assets.
- Earnings at no active effort on your part: referral fees for bringing on new traders
- Contact information for large investors is provided via email or a website feedback form for investments over $10,000.
Affiliate Program
Upon the new user’s successful Know Your Customer (KYC) authentication, both the referring user and the user will receive the equivalent of 50 INR in BTC through CoinSwitch Kuber’s attractive affiliate program. The minimum required to open an account is 100 yen, and the maximum leverage is one to one.
Trading may be done around the clock on the platform’s mobile apps for both Android and iOS. UPI, IMPS, NEFT, RTGS, and bank transfers can all be used to add funds to an account, and both INR and cryptocurrency are accepted.
Comparison of CoinSwitch with other brokers
When compared to other brokers in the cryptocurrency trading sector, Traders Union finds CoinSwitch Kuber to be superior.
- Bybit: CoinSwitch Kuber allows for direct cryptocurrency trading with numerous global exchanges, in contrast to Bybit’s emphasis on derivative trading.
- OKEx: CoinSwitch Kuber is an alternative to OKEx that offers a more user-friendly interface and access to many exchanges but no futures trading.
- Binance: When compared to CoinSwitch Kuber, which aggregates the liquidity of many worldwide exchanges, Binance stands alone as an exchange with its own funds.
- Huobi Global: While Huobi Global provides a wide variety of services, CoinSwitch Kuber streamlines the cryptocurrency exchange trading procedure.
- KuCoin: CoinSwitch Kuber is more concerned with offering competitive prices for direct cryptocurrency trading than KuCoin is, which also facilitates loaning and staking.
Bittrex Pro is also noteworthy in the realm of bitcoin trading. In addition to a comprehensive catalog of digital currencies, like CoinSwitch Kuber, this platform boasts sophisticated charting and trading tools. CoinSwitch Kuber, as an aggregator of multiple worldwide exchanges (including Bittrex Pro), streamlines the trading process and may provide better trading conditions for investors seeking convenience and exposure to multiple markets.
Conclusion
CoinSwitch Kuber is a unique cryptocurrency trading platform that provides broad market access by aggregating various global exchanges. Despite some limitations, it maintains a promising position in the crypto world due to its user-friendly features and competitive prices. For a deeper understanding and more extensive reviews of various trading platforms, visit the Traders Union website.